Impacts of Recent Developments on the Cash Cycle: A Global Analysis

Even though innovations in digital payments have accelerated in recent decades, cash is the only payment option for a number of citizens in every country. Moreover, the great majority of people would like to keep cash as one of their payment options – even in those countries where its share in transactions is already small. Cash is also used for precautionary reasons as well as a store of value and has a significant role in various crises and uncertainties.

In order to continue to be a safe haven in the future, cash infrastructure should be maintained and developed in line with the changing environment. Only a structure that functions in normal circumstances can be used in a crisis. Therefore, with good reasons, there is a debate in several countries about the status of the cash infrastructure.